Wall Street Roundup: Morgan Stanley’s parking meter move, rough seas for traders

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Awaiting the verdict. Everyone is abuzz about whether the Federal Reserve will downgrade its outlook for U.S. growth and perhaps take further steps to try to promote growth.

Morgan Stanley’s parking meter profits. Investment bank Morgan Stanley is set to reap big gains from its control of Chicago parking meters, which it leased from the city -- a situation that could soon be coming to Los Angeles.

Tough times for traders. Filings with the Securities and Exchange Commission show some of the big losses that banks have had in their trading operations over the last few months, including three days during which Goldman Sachs traders lost more than $100 million.

-- Nathaniel Popper in New York